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Category: Business

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Premier League leads Europe’s profit boom but football wealth gap grows

• Premier League clubs bring in €5.4bn as inequality widens• Uefa praises impact of financial fair play rules on stabilityThe clubs in the top divisions of European football were financially profitable overall for the second year running in 2017?18 and…

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Alisher Usmanov pays £30m for naming rights at Everton’s new stadium

• Russian billionaire secures exclusive option on naming rights• Club makes record £111.8m loss despite revenues of £188mEverton have announced a record loss of £111.8m for the financial year to June 2019, an alarming plunge after the club made a £30m …

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Average annual salary of Premier League players tops £3m for first time

• Manchester City are top English earners but NBA rule roost• Global Sports Salary Survey shows Barcelona best-paid overallThe average salary for a Premier League footballer has exceeded £3m a year for the first time, according to the latest Global Spo…

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Concern over gambling branding on children’s pages in football programmes

Programmes saturated with adverts and brandingResearchers particularly concerned by logos on children’s pagesFootball clubs’ matchday programmes are saturated with gambling adverts and branding, including on pages aimed at children, according to a stud…

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BT to let sport fans buy monthly pass to watch matches for first time

Firm acknowledges consumers’ preference for Netflix-type flexibility over long-term dealsBT is to launch a monthly pass allowing sport fans to watch content including Premier League and Champions League football without a contract for the first time, a…

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Nike employees stage protest as company reopens Alberto Salazar building

Coach has been accused of abusive training methodsHundreds of Nike employees protest at company campusHundreds of Nike employees protested on Monday as the company reopened a building named after controversial athletics coach Alberto Salazar.Salazar, w…

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AFC Wimbledon ethos faces challenge over stadium money shortfall

• Meeting will discuss change in supporter-owned structure• Club need extra £11m for construction of new stadiumWimbledon supporters will attend a crucial meeting on Monday evening to discuss a highly emotive proposal to end the club’s supporter-owned …

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Super rich versus the rest: Champions League groups hampered by inequality | Jonathan Wilson

Despite the efforts of Dinamo Zagreb, Club Brugge, Slavia Prague and Olympiakos, group stages are still all too predictableWhat have we done to deserve this? The last round of Champions League group fixtures is on us and only half the qualifiers are al…

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World Chess to issue digital tokens in stock market flotation

Company that ran World Chess Championships wants to cash in on game’s online popularityThe company that ran the World Chess Championships plans to issue a cryptocurrency-like digital token ahead of a stock market float in London as it tries to cash in …

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XXIII Capital: the company changing the face of football transfers

Millions of pounds of transfers, including Antoine Griezmann’s to Barcelona, have roots in a fund started five years agoIt did not make headlines at the time. And you’ve probably not heard of it since. But a little more than five years on from its esta…

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Jeremy Corbyn attacks ‘pricing out’ of football fans in Premier League

Labour leader says German model of fan ownership is more democraticJeremy Corbyn has spoken of his admiration for the German model of football fan club ownership as he went into detail about Labour’s plans to give supporters influence over how their te…

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BT on defensive as Sky prepares to bid for Champions League

Broadcaster will have to rethink its offer to secure the next round of UK TV rightsBT Sport’s stranglehold on Champions League football is set to be challenged as Sky prepares to enter the battle for the £1bn-plus TV rights when bids are submitted on M…

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MPs say EFL should pay ‘reparations’ to expelled Bury players and staff

• Parliamentary committee calls on EFL to apologise for job losses• Substantial changes needed to ‘fit and proper person’ testThe English Football League failed to enforce its own rules in the lead-up to expelling Bury in August, and the league should …

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Chelsea handed 20 November hearing for appeal against Fifa transfer ban

• Court of arbitration for sport to rule on two-window ban• Fifa committee found club committed 150 rule breachesChelsea’s appeal against a two-window transfer ban imposed by Fifa is to be considered by the court of arbitration for sport on 20 November…

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The dread hand of private equity ended up killing Deadspin

The popular website understood that ‘sports’ represents more than just what occurs on the field. We are all much poorer for its demiseThis week would have been a great time to read Deadspin. The Nationals pulled off two straight wins in Houston to take…

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Mike Pence says NBA is ‘acting like a wholly owned subsidiary’ of China

US vice president rips NBA and Nike in Thursday speechPence says league failed to adequately back Rockets GMUS vice-president Mike Pence accused the National Basketball Association of “acting like a wholly owned subsidiary” of China’s ruling Communist …

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£511m debt but dividends galore: the Glazers’ legacy at Manchester United | David Conn

John Henry’s FSG has taken only £10m out of Liverpool in nine years but at Manchester United the financial backdrop to their on-field struggles is very differentThrough the long years when Sir Alex Ferguson’s Manchester United were amassing trophies an…

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‘No regrets’ for professional gamer banned over Hong Kong support

Chung ‘blitzchung’ Ng Wai was expelled from Hearthstone eventOrganizers announce one-year suspension and pull prize moneyChinese holding company Tencent owns stake in maker BlizzardA top professional gamer from Hong Kong who was expelled from an intern…

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Champions League is back – but don’t expect a real match until February | Jonathan Wilson

The group stages have become predictable and merely reinforce financial inequalities between the biggest clubs and also-ransI n the distance the anthem swells. Inappropriate advertising hoardings are covered up. A continent prepares to give thanks to G…

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Jay-Z and NFL stage first concert despite Kaepernick backlash

Rapper criticised for league deal after it shunned ex-49ers player for kneeling protestThe first musical event to come from a partnership between Jay-Z and the NFL was staged in Chicago on Thursday, with the rapper facing a backlash over the league’s t…